09/12/2025
If you own a business overseas, you might already know that the U.S. can tax your share of its profits — even if you never transfer a cent back home. For some business owners, that means getting hit with a U.S. tax bill on top of taxes they’re already paying abroad. The Section 962 election […]
09/10/2025
In the world of IRS paperwork, Form 8832 is small but mighty. It’s just two pages long, yet it decides how your business will be taxed—and that choice can make a serious difference to your tax return, your tax rates, and your bottom line. You might file it when launching a new business, reshaping your […]
09/08/2025
If you’ve ever dreamed of trading snow shovels for beach towels, or rush-hour traffic for a slow stroll to the mercado, you might be ready to retire in Mexico. For U.S. citizens (and more than a few Canadians), it’s become the go-to spot for sunshine, vibrant culture, and a cost of living that won’t eat […]
09/05/2025
Living abroad comes with a lot of perks—new foods, new friends, and the chance to answer “where are you from?” in increasingly creative ways. But for U.S. citizens, green card holders, and resident aliens living in a foreign country, there’s one not-so-fun challenge that comes with the adventure: double taxation. The IRS loves to keep […]
09/03/2025
It’s not a fitness challenge. You won’t need a stopwatch, a yoga mat, or to prove how many push-ups you can do in a minute. But the physical presence test is a test—one that can save you thousands in U.S. taxes if you pass. Think of it as the IRS’s version of “Are you really […]
09/01/2025
If your retirement fantasy involves swaying palm trees, $3 plates of pad thai, and the occasional temple visit to balance out your beach days, you might be ready to retire in Thailand. For U.S. citizens—and plenty of other expats from Malaysia to Europe—it’s the ultimate mix of year-round warmth, a cost of living that makes […]
08/21/2025
Ask any American living abroad what keeps them up at night, and double taxation is right up there with jet lag and missing decent bagels. As a U.S. citizen, resident alien, or self-employed global adventurer, the IRS expects you to report your worldwide income—even if you earn every penny in a foreign country. Enter the […]
08/19/2025
For Americans living or investing abroad, double taxation can feel like paying for the same cup of coffee—twice. Thanks to U.S. tax law, you’re on the hook for taxes not just on your U.S. income, but on your worldwide earnings too. Add in a foreign country’s tax bill and you’ve got the makings of a […]
08/15/2025
It’s the world’s most surprising membership: “accidental Americans.” These are people who hold U.S. citizenship—sometimes without even realizing it—and suddenly find themselves caught up in a global game of tax tag. Maybe you were born during a family layover in New York, or you inherited American citizenship from a parent, even though you’ve spent your […]
08/13/2025
Got a stake in a company outside the U.S.? Then Form 8992 is about to become your new paperwork frenemy. This IRS form is what U.S. shareholders use to report certain types of foreign business income—especially if you own part of a controlled foreign corporation (CFC). If you’re a business owner, part of a U.S. […]